leadf
logo-loader
RNS
viewVan Elle Holdings

Van Elle HoldingsPLC - Director/PDMR LTIP Awards

RNS Number : 6771A
Van Elle Holdings PLC
01 October 2020
 

Van Elle Holdings plc

("Van Elle", the "Company" or the "Group")

Director/PDMR LTIP Awards

 

Van Elle Holdings plc (AIM: VANL), the UK's largest ground engineering contractor,  announces that on 30 September 2020, awards were made over ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares") under the Long Term Incentive Plan 2016 ("LTIP") (the "Awards"). 

 

The Awards have been granted in the form of an option to acquire Ordinary Shares at an exercise price of 2 pence each.  The Awards are governed by the rules of the LTIP, and subject thereto, will vest on the third anniversary of the date of grant to the extent determined in accordance with the performance criteria. The performance criteria for this current award is based on a combination of a Total Shareholder Return target and Return on Capital Employed target, aligned to the Group's medium-term financial objectives identified in the FY2020 report & accounts.

 

The Awards were issued to certain directors and PDMRs of the Company, as defined by article 3(25), as set out below:

 

Director/PDMR

Position

Number of Ordinary Shares over which Awards have been made

Mark Cutler

Chief Executive Officer

802,816

Graeme Campbell

Chief Financial Officer

464,788

Dave Warner

Specialist Piling Director

246,478

Malcolm O'Sullivan

Piling Director

246,478

Ian Jones

Operations Director

126,760

 

Enquiries:

 

Van Elle Holdings plc

Via Walbrook

Mark Cutler, Chief Executive Officer

 

Graeme Campbell, Chief Financial Officer

 

 

 

Peel Hunt LLP (Nominated Adviser and corporate broker)

Tel: 020 7418 8900

Mike Bell/Ed Allsopp

 

 

 

Walbrook PR Limited

Tel: 020 7933 8780 or [email protected]

Tom Cooper/Nick Rome/Nicholas Johnson

07971 221 972 or 07748 325 236 or 07884 664 686

 

 

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

 1.       

Details of the person discharging managerial responsibilities / person closely associated

a.        

Name

Mark Cutler

2.        

Reason for the notification

a.        

Position/status

CEO

b.        

Initial notification

/Amendment

Initial notification

3.        

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.       

Name

Van Elle Holdings plc

b.       

LEI

213800LQC6YL8KJT1Y18

4.        

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.        

Description of the Financial instrument, type of instrument

Identification code

Ordinary shares of 2p

 

 

ISIN: GB00BYX4TP46

b.        

Nature of the transaction

Grant of an award under the Van Elle LTIP

c.        

Price(s) and volume(s)

 

Price(s)

Volume(s)

 

2 pence per share

(exercise price)

802,816

 

d.        

Aggregated information

·      Aggregated volume

·      Price  

 

As above

e.        

Date of the transaction

30 September 2020

f.        

Place of the transaction

Outside a trading venue

 

 

 

1. 

Details of the person discharging managerial responsibilities / person closely associated

a.        

Name

Graeme Campbell

2.        

Reason for the notification

a.        

Position/status

CFO

b.        

Initial notification

Initial notification

 

/Amendment

 

3.        

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.       

Name

Van Elle Holdings plc

b.       

LEI

213800LQC6YL8KJT1Y18

4.        

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.        

Description of the Financial instrument, type of instrument

Identification code

Ordinary shares of 2p

 

 

ISIN: GB00BYX4TP46

b.        

Nature of the transaction

Awards issued under the Van Elle LTIP

c.        

Price(s) and volume(s)

 

Price(s)

Volume(s)

 

2 pence per share

(exercise price)

464,788

 

d.        

Aggregated information

·      Aggregated volume

·      Price  

 

As above

e.        

Date of the transaction

30 September 2020

f.        

Place of the transaction

Outside a trading venue

 

 

 

1. 

Details of the person discharging managerial responsibilities / person closely associated

a.        

Name

Dave Warner

2.        

Reason for the notification

a.        

Position/status

Specialist Piling Director

b.        

Initial notification

Initial notification

 

/Amendment

 

3.        

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.       

Name

Van Elle Holdings plc

b.       

LEI

213800LQC6YL8KJT1Y18

4.        

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.        

Description of the Financial instrument, type of instrument

Identification code

Ordinary shares of 2p

 

 

ISIN: GB00BYX4TP46

b.        

Nature of the transaction

Awards issued under the Van Elle LTIP

c.        

Price(s) and volume(s)

 

Price(s)

Volume(s)

 

2 pence per share

(exercise price)

246,478

 

d.        

Aggregated information

·      Aggregated volume

·      Price  

 

As above

e.        

Date of the transaction

30 September 2020

f.        

Place of the transaction

Outside a trading venue

 

 

 

1. 

Details of the person discharging managerial responsibilities / person closely associated

a.        

Name

Malcolm O'Sullivan

2.        

Reason for the notification

a.        

Position/status

Piling Director

b.        

Initial notification

/Amendment

Initial notification

3.        

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.       

Name

Van Elle Holdings plc

b.       

LEI

213800LQC6YL8KJT1Y18

4.        

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.        

Description of the Financial instrument, type of instrument

Identification code

Ordinary shares of 2p

 

 

ISIN: GB00BYX4TP46

b.        

Nature of the

Awards issued under the Van Elle LTIP

 

transaction

 

 

c.        

Price(s) and volume(s)

 

Price(s)

Volume(s)

 

2 pence per share

(exercise price)

246,478

 

 

d.        

Aggregated information

·      Aggregated volume

·      Price  

 

As above

 

e.        

Date of the transaction

30 September 2020

 

f.        

Place of the transaction

Outside a trading venue

 

 

 

 

1. 

Details of the person discharging managerial responsibilities / person closely associated

a.        

Name

Ian Jones

2.        

Reason for the notification

a.        

Position/status

Operations Director

b.        

Initial notification

/Amendment

Initial notification

3.        

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.       

Name

Van Elle Holdings plc

b.       

LEI

213800LQC6YL8KJT1Y18

4.        

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.        

Description of the Financial instrument, type of instrument

Identification code

Ordinary shares of 2p

 

 

ISIN: GB00BYX4TP46

b.        

Nature of the transaction

Awards issued under the Van Elle LTIP

c.        

Price(s) and volume(s)

 

Price(s)

Volume(s)

 

2 pence per share

(exercise price)

126,760

 

 

d.        

Aggregated information

·      Aggregated volume

·      Price  

 

As above

 

e.        

Date of the transaction

30 September 2020

 

f.        

Place of the transaction

Outside a trading venue

 

 

 

About Van Elle Holdings plc:

 

Van Elle Holdings is the UK's largest specialist geotechnical engineering contractor. The Company provides a range of ground engineering techniques and services including - ground investigation, general and specialist piling, rail geotechnical engineering, modular foundations, and ground improvement and stabilisation services.

 

Van Elle operates through three divisions: general piling, specialist piling and ground engineering; and is focused on three end markets; residential and housing, infrastructure and regional construction - across which the Group has completed more than 20,000 projects over the last 35 years.

 

General piling provides a range of larger piling and ground engineering solutions for open-site construction projects. Specialist piling provides a range of geotechnical solutions in operationally constrained environments including on-track rail applications. Ground engineering services offers a range of ground investigation and geotechnical services and modular foundation solutions such as Smartfoot®. Van Elle has a market-leading reputation and the UK's largest modern rig fleet of 118 rigs.

 

Having floated on AIM in 2016 it now has a strong national presence, diversified offering and market-leading brand name.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHQBLFXBKLXBBK

Quick facts: Van Elle Holdings

Price: -

Market: AIM
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

12 min read